• American Electric Power average quick ratio for 2023 was 0.45, a 22.41% decline from 2022.
• American Electric Power average quick ratio for 2022 was 0.58, a 41.46% decline from 2021.
• American Electric Power average quick ratio for 2021 was 0.41, a 24.24% increase from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.